Tag: Elena salgado

• Thursday, January 6th 2011 - 11:10 UTC

  As with Greece and Portugal, China comes to Spain’s rescue; 7.5 billion deals

  

  China and Spain signed this week business deals worth 7.5 billion US dollars, a welcome boost for Spain's recession-hit economy. Visiting Vice-Premier Li Keqiang also vowed to help Europe overcome its debt crisis (and support the Euro), as he started his three-nation European tour.

• Wednesday, December 15th 2010 - 22:49 UTC

  Spain again on the brink as Moody’s questions 2011 financial requirements

  

  Moody's rating agency threatened Wednesday to downgrade Spain's credit rating, hammering markets as it warned of a 170-billion-Euro refinancing challenge ahead in 2011.

• Saturday, May 8th 2010 - 06:06 UTC

  Spain Emerges from Two-Year Recession with More Doubts than Certainties

  

  Spain’s economy emerged from an almost two-year recession in the first quarter, trailing the Euro area by six months. GDP expanded 0.1% in the first three months of 2010, the Madrid-based Bank of Spain estimated in its monthly report today.

• Wednesday, April 28th 2010 - 01:09 UTC

  Unemployment in Spain Soars to 20.05%; 4.61 Million Jobless

  

  Spain's jobless rate has risen past 20% for the first time in 13 years, according to figures made public by the National Statistics Institute (INE) on Tuesday. Unemployment rate was 20.05% in the first quarter of this year, up from 18.83% in the last quarter of 2009.